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- Title
REIT Valuation: The Case of Duke Realty Corporation.
- Authors
Stotler, James
- Abstract
This case will require the student to value the equity of Duke Realty Corporation, (NYSE: DRE) and make a buy or sell recommendation as an independent analyst. The data given should be examined to determine whether or not the company's stock is valued above or below the market price in order for investors to make a buy or sell decision. The student must assess the real estate industry environment using Porter's five-force model of competitive strategy and the DuPont identity. Valuation techniques employed include the capital asset pricing model, the two-stage dividend-discount model, the P/E valuation approach, and the Gordon model. The student is placed in the role of an equity analyst and asked to prepare a buy or sell recommendation for Duke Realty Corporation (NYSE: DRE) stock. DRE is a large office and industrial property owner and manager operating in the midwest and southeast.
- Subjects
VALUATION of corporations; DUKE Realty Corp.; STOCK prices; REAL estate business; COMMERCIAL real estate
- Publication
Journal of Financial Education, 2011, Vol 37, Issue 3/4, p112
- ISSN
0093-3961
- Publication type
Case Study